Wing Lung Bank to pay for 45% of willingness impairment
Wing Lung Bank will be money-making this year, at the latest presentation of China Merchants Bank 2008 annual seminar, in order that the bank management.
2008, China Merchants Bank to a total of about 32 billion yuan to buy 100% stake in Wing Lung Bank. By the business environment, investment, such as the impact of impairment, Wing Lung Bank in 2008 a loss of 816 million yuan Hong Kong dollars. 53 percent for premium acquisition formed part of the goodwill of 10.18 billion yuan, China Merchants Bank 580 million yuan provision.
China Merchants Bank head Ma Weihua said that the arrange in 2013 in the winning windup of strategic integration, making cross-border Yonglong with an superiority on the Hong Kong market in the world of integrated economic banks.
Vice head of China Merchants Bank, Wing Lung Bank, said Zhu Qi, self-confidence makes the Wing Lung Bank to profitability this year, the next three years to realise lucrative expansion in some pointers than the midpoint stage of the development in Hong Kong, China Merchants Bank commanded the next five years, the acquisition of Wing Lung Finance on worth for money.
Li Hao, vice head of China Merchants Bank, said the acquisition of Wing Lung Bank China Merchants Bank is a sub-acquisition, of which 47 out of 100 stake in the second part of the premium part of the acquisition of about 8.7 billion yuan in the capital retain can be counterbalance in full; and through the The first part of the acquisition of 53% stake in the premium part of the formation of the willingness impairment investigate, the end of last year in the provision of 580 million yuan. "The summation of two elements, 45% of all the willingness has been counterbalance, we have taken on more very protected evaluates, the stage of impairment provision is not low." Li said. - 18418
2008, China Merchants Bank to a total of about 32 billion yuan to buy 100% stake in Wing Lung Bank. By the business environment, investment, such as the impact of impairment, Wing Lung Bank in 2008 a loss of 816 million yuan Hong Kong dollars. 53 percent for premium acquisition formed part of the goodwill of 10.18 billion yuan, China Merchants Bank 580 million yuan provision.
China Merchants Bank head Ma Weihua said that the arrange in 2013 in the winning windup of strategic integration, making cross-border Yonglong with an superiority on the Hong Kong market in the world of integrated economic banks.
Vice head of China Merchants Bank, Wing Lung Bank, said Zhu Qi, self-confidence makes the Wing Lung Bank to profitability this year, the next three years to realise lucrative expansion in some pointers than the midpoint stage of the development in Hong Kong, China Merchants Bank commanded the next five years, the acquisition of Wing Lung Finance on worth for money.
Li Hao, vice head of China Merchants Bank, said the acquisition of Wing Lung Bank China Merchants Bank is a sub-acquisition, of which 47 out of 100 stake in the second part of the premium part of the acquisition of about 8.7 billion yuan in the capital retain can be counterbalance in full; and through the The first part of the acquisition of 53% stake in the premium part of the formation of the willingness impairment investigate, the end of last year in the provision of 580 million yuan. "The summation of two elements, 45% of all the willingness has been counterbalance, we have taken on more very protected evaluates, the stage of impairment provision is not low." Li said. - 18418
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